What is the 13F Pro Quality Score for DBC?

13F Pro ranks Invesco DB Commodity Index Tracking Fund (DBC) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View DBC's current score at https://13fpro.ai/research/DBC (free sign-up required for the full ranking).

Which hedge funds own the most DBC stock?

Based on the most recent Form 13F-HR filings on SEC EDGAR, the largest reported institutional holders of DBC include BANK OF AMERICA /DE/, WELLS FARGO & COMPANY/MN, MORGAN STANLEY. Holdings are reported quarterly within 45 days of quarter-end and updated on https://13fpro.ai/research/DBC as soon as new 13F filings post.

Where does 13F Pro source DBC data?

All Invesco DB Commodity Index Tracking Fund fundamentals and ownership data come directly from SEC EDGAR. Invesco DB Commodity Index Tracking Fund files with the SEC under CIK 1328237. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is DBC in?

Invesco DB Commodity Index Tracking Fund (DBC) is classified in the Financials sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/financials.

How often is DBC research updated on 13F Pro?

DBC's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

Invesco DB Commodity Index Tracking Fund(DBC)Stock Analysis

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13F Pro Quality Score

Not in ranked universe

Pending next ranking run

This company passes all size and coverage filters but hasn't been included in the latest quarterly ranking run. Rankings refresh on Jan 1, Apr 1, Jul 1, Oct 1.

Financial data, filings, and institutional holdings below are still tracked in full — only the proprietary quality composite is unavailable for this name.

DBC Stock Analysis & AI Quality Score

AI stock analysis and institutional research for Invesco DB Commodity Index Tracking Fund (DBC), a Financials sector company. DBC is not currently included in 13F Pro's AI-ranked quality universe — this company passes all size and coverage filters but hasn't been included in the latest quarterly ranking run. rankings refresh on jan 1, apr 1, jul 1, oct 1. Based on the latest XBRL financial filings (Q1 2026), Invesco DB Commodity Index Tracking Fund reports quarterly revenue of $11.7M, net income of $367.8M, an operating margin of 75.8%. Top institutional holders of DBC by reported 13-F value include BANK OF AMERICA /DE/, WELLS FARGO & COMPANY/MN, MORGAN STANLEY, based on the most recent SEC filings. DBC trades on the NYSE exchange and files with the SEC under CIK 1328237. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate DBC daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Invesco DB Commodity Index Tracking Fund directly from SEC EDGAR.

Revenue

Q1 2026

$11.7M

Net Income

Q1 2026

$367.8M

Free Cash Flow

Q1 2026

$-101.0M

Operating Margin

Q1 2026

75.8%

ROIC

Q1 2026

0.5%

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro+

Net Income

+114.8% YoY

$22.4MFY 2024

FY20 $-128.4MFY22 $551.8MFY23 $-151.7MFY24 $22.4M

Operating Income

-23.4% YoY

$69.1MFY 2024

FY20 $-2.2MFY22 $19.4MFY23 $90.2MFY24 $69.1M

Total Assets

-24.1% YoY

$1.29BFY 2024

FY20 $1.34BFY22 $2.73BFY23 $1.70BFY24 $1.29B

Op. Cash Flow

-46.7% YoY

$431.5MFY 2024

FY20 $-33.5MFY22 $536.5MFY23 $809.1MFY24 $431.5M

Metric	FY 2024	FY 2023	FY 2022	FY 2020	FY 2019	FY 2017
Net Income	$22.4M +114.8%	$-151.7M -127.5%	$551.8M +529.7%	$-128.4M -162.3%	$206.0M +189.3%	$71.2M
Operating Income	$69.1M -23.4%	$90.2M +366.0%	$19.4M +996.5%	$-2.2M -109.7%	$22.3M +1628.3%	$-1.5M
Total Assets	$1.29B -24.1%	$1.70B -37.7%	$2.73B +103.5%	$1.34B -6.8%	$1.44B -36.4%	$2.26B
Operating Cash Flow	$431.5M -46.7%	$809.1M +50.8%	$536.5M +1699.8%	$-33.5M -104.6%	$728.8M +70.6%	$427.1M

AI Insight: DBC Financial Trends

A $368M net income spike in Q1 2026 masks a structurally declining operating income trend and persistently negative operating cash flow.

• Operating income has declined steadily from $19M in Q2 2024 to $9M in Q1 2026, compressing by more than half.

• Net income surged to $368M in Q1 2026 from $36M in Q4 2025, driven by factors well above operating income levels.

• Equity recovered to $1,690M in Q1 2026, reversing a multi-quarter decline from $1,742M in Q2 2024 to a trough of $1,223M in Q4 2025.

⚠ Operating cash flow turned sharply negative at $-101M in Q1 2026 — the weakest reading since Q2 2024's $-5M.

⚠ The gap between $368M net income and $9M operating income in Q1 2026 warrants scrutiny; gains appear non-operational.

⚠ Equity base remains $52M below Q2 2024 levels despite Q1 2026 surge — cumulative erosion still unrecovered.

AI Insight: DBC Ratio Trends

DBC's Q1 2026 ROE surged to 87.1%, but ROIC simultaneously hit a multi-quarter low of 2.1%, signaling a disconnect between net returns and capital deployment efficiency.

• ROE swung sharply from 11.8% in Q4 2025 to 87.1% in Q1 2026, the highest reading in the observable period.

• ROIC has steadily compressed from 4.8% in Q3 2024 to 2.1% in Q1 2026, a decline of 270 basis points.

• ROE and ROA show high volatility across quarters, swinging from -21.9% in Q3 2024 to +87.1% in Q1 2026, reflecting commodity price sensitivity.

⚠ ROIC at 2.1% in Q1 2026 is its lowest in the dataset — capital efficiency is deteriorating even as ROE spikes.

⚠ The TTM ROE of 23.1% is well below the single-quarter Q1 2026 reading of 87.1%, suggesting a large one-off or seasonal driver to monitor.

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Available Research

13F Pro tracks comprehensive data for Invesco DB Commodity Index Tracking Fund including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of DBC

BANK OF AMERICA CORP /DE/
$113.0M3,903,829 sh
WELLS FARGO & COMPANY/MN
$98.9M3,416,374 sh
MORGAN STANLEY
$45.8M1,582,180 sh
HighVista Strategies LLC
$30.6M1,057,238 sh
DEUTSCHE BANK AG\
$23.3M803,698 sh
LPL Financial LLC
$18.3M632,728 sh
Man Group plc
$16.0M552,936 sh
ENVESTNET ASSET MANAGEMENT INC
$15.7M541,104 sh
JANE STREET GROUP, LLC
$15.6M538,889 sh
GOLDMAN SACHS GROUP INC
$15.5M534,718 sh

Fund	Value	Shares
BANK OF AMERICA CORP /DE/	$113.0M	3,903,829
WELLS FARGO & COMPANY/MN	$98.9M	3,416,374
MORGAN STANLEY	$45.8M	1,582,180
HighVista Strategies LLC	$30.6M	1,057,238
DEUTSCHE BANK AG\	$23.3M	803,698
LPL Financial LLC	$18.3M	632,728
Man Group plc	$16.0M	552,936
ENVESTNET ASSET MANAGEMENT INC	$15.7M	541,104
JANE STREET GROUP, LLC	$15.6M	538,889
GOLDMAN SACHS GROUP INC	$15.5M	534,718

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Is DBC a good stock to buy?

13F Pro's AI-powered analysis of Invesco DB Commodity Index Tracking Fund (DBC) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Financials sector (listed on NYSE). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for DBC are available on the DBC stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.

Which hedge funds own DBC?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling DBC. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of Invesco DB Commodity Index Tracking Fund's investment landscape.